TOCR Real Estate SchoolMar 27, 20231 minWhat is Negative Amortization?Negative Amortization is when interest on a mortgage loan has not been paid to the lender, it's added to the loan balance. Considering a...
TOCR Real Estate SchoolMar 27, 20231 minWhat is a Homeowner's Association?A Homeowner's Association is when a group of homeowners in a community, such as a condo, join in paying fees that cover the maintenance...
TOCR Real Estate SchoolMar 22, 20231 minWhat is Fair Market Value?The fair market value of a property is the price a property would fetch if it was put up for sale under current conditions. Determining...
TOCR Real Estate SchoolMar 22, 20231 minWhat is Earnest Money?Earnest money is cash, usually held in an escrow, that shows the seller that the buyer is serious about going through with the...